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Canacol Energy emphasizes engaging with suppliers in long-term, mutually beneficial, and shared responsibility relationships. This includes ensuring that procurement processes comply with strict standards for occupational health and safety, environmental stewardship, social responsibility, ethics, and respect for human rights.

Canacol utilizes equitable and transparent contracting processes applying ESG evaluation and selection criteria in addition to traditional economic, timely, and quality requirements. The contracting process is monitored and should ESG gaps develop, actions are taken to resolve them promptly.

Canacol's supplier evaluation and selection processes follow ISO 14001 requirements as well as the company's Environmental Quality Plan. Suppliers are required to proactively manage their environmental and social impacts with contingency plans, programmes, procedures, and certifications. The requirements are detailed in contract addendums which are monitored as well as reviewed and updated annually.

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